India's Nippon Life hits record high on Q4 profit jump

Nippon Life India Asset Management

24/04/2024 10:11

** Shares of Nippon Life India Asset Management  NIPF.NS 
rise as much as 10.7% to a record high of 623 rupees
    ** Co on Wednesday reported a 73.2% YoY jump in its
March-qtr profit, average assets under management up 47% at 5.24
trln rupees, as on March 31
    ** Over 3 mln shares change hands as of 2:31 p.m. IST, 2.6x
30-day avg; stock sees its busiest day yet since Dec. 20
    ** Stock trading above its 200-day moving avg since June
2023
    ** Average rating of 13 analysts covering the stock is
"buy"; median PT is 550 rupees - LSEG data
    ** Including session's moves, YTD gains at 31%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))